Updated Oct 29, 2024
Virtu Financial Sells Brooklyn Heights SFR For $25.5M
8 Montague Terrace, Brooklyn Heights, Brooklyn, NY, USA
$25,500,000
$2,202/SF
Building Size
11,580 SF
Asset Type
Single Family Residence
Closing
Dec 23, 2020
About this deal
AI
The property at 8 Montague Terrace in Brooklyn Heights has been sold. The seller, Vincent and Teresa Viola of Virtu Financial, sold the single-family residential property for a price of $25,500,000. The property has a total square footage of 11,580, resulting in a price per square foot of $2,202. The previous sale of the property took place in January 2007 for $8 million.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $25,500,000
- Address: 8 Montague Terrace, Brooklyn Heights
- Market: Brooklyn Heights
- Zoning: R6
The seller, Vincent and Teresa Viola, represented by Virtu Financial, successfully closed the transaction for the property. Vincent Viola can be seen in the accompanying image shared on Instagram. This sale marks a significant increase in value compared to the previous sale in 2007.
On the Map
$25,500,000
$2,202/SF
Single Family Residence
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Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $25.5M for 11,580 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93